Ford unveils new China SUV, eyes sales boost next year [Reuters]
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Source: Reuters
Ford unveils new China SUV, eyes sales boost next year | Reuters 3 Min Read BEIJING (Reuters) - U.S. carmaker Ford Motor Co ( F.N ) unveiled a new China sport utility vehicle (SUV) on Tuesday, and said its plan to release a spate of new models will help turn around tumbling sales in the world’s top auto market from the start of next year. Ford, fighting to recover from a severe sales slump in China, will start selling the entry-level SUV, called the “Territory”, early next year. The car is jointly developed with local partner Jiangling Motors Corp Ltd (JMC) ( 000550.SZ ). The car, based on a no-frills model from JMC, is aimed at appealing to consumers in China’s smaller, so-called lower-tier cites, which have been a major engine of growth in the market over the last decade. It would compete with models from local firms like Geely ( 0175.HK ) and Great Wall Motor ( 601633.SS ). The SUV is one of the 50 new or redesigned vehicles Ford has said it plans to launch in China startin
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